The Korean

[bruckheimervn]

+ The biggest hotel in Hanoi , Daewoo Hotel belongs to Korean Investors .
+ The tallest tower in Hanoi , Keangnam Tower belongs to Korean Investors.
+ The largest hospital in Hanoi <and probably in Vietnam> for years to come shall be built in Tu Liem , and it belongs to Korean Investors , named after one of their most famous doctor.
+ The Korean is now proposing to build the biggest ever exhibition centre in Vietnam in central of Hanoi , Giang Vo area , 2 billion$ project.
+ The master plan for all the land along Red River shall be carried out with the help from Korean ,for the Hanoi Goverment want to take Han River in Seoul as a Role model ,
+ The biggest satellite city of Hanoi , North An Khanh Star World shall be a joint-venture between Vinaconex and Korean giant Posco Corp.
+ At the end of August 2007 , Korean already the biggest direct foreign investor in Vietnam
+ And most importanly , the future of Hanoi , The Tay Ho Tay urban central shall be built by 6 Korean Investors <may be we will have a Samsung Landmark Tower in a near future >

Cheer Korean ,

[yippie]

Originally Posted by bruckheimervn

+ The biggest hotel in Hanoi , Daewoo Hotel belongs to Korean Investors .
+ The tallest tower in Hanoi , Keangnam Tower belongs to Korean Investors.
+ The largest hospital in Hanoi <and probably in Vietnam> for years to come shall be built in Tu Liem , and it belongs to Korean Investors , named after one of their most famous doctor.
+ The Korean is now proposing to build the biggest ever exhibition centre in Vietnam in central of Hanoi , Giang Vo area , 2 billion$ project.
+ The master plan for all the land along Red River shall be carried out with the help from Korean ,for the Hanoi Goverment want to take Han River in Seoul as a Role model ,
+ The biggest satellite city of Hanoi , North An Khanh Star World shall be a joint-venture between Vinaconex and Korean giant Posco Corp.
+ At the end of August 2007 , Korean already the biggest direct foreign investor in Vietnam
+ And most importanly , the future of Hanoi , The Tay Ho Tay urban central shall be built by 6 Korean Investors <may be we will have a Samsung Landmark Tower in a near future >

Cheer Korean ,

Are you serious? OH NO! DO NOT FOLLOW KOREAN HAN RIVER MODEL - EVER!!! - IT LOOKS VERY CRAPPY. HANOI WAKE UP! What is the project called? Fuck, why do Koreans enjoy copying USA, then sharing their cheaper-copied-wannabe-designs to foreign counries? (some of their designs are nice, but they a tendency to duplicate buildings such as An Khanh). I wish more French and Japanese invested. I prefer their mind-set a whole lot better.

[LTM]

Especially the Korean husbands

[nguyend]

Do not let the Korean invade our country's economy, in turn convert our country into the 21th century colonization. Just beware, slavery is becoming more sophisticate as the world is becoming most civilized in this century.

[skidlin]

..

[Locust]

Originally Posted by yippie

Are you serious? OH NO! DO NOT FOLLOW KOREAN HAN RIVER MODEL - EVER!!! - IT LOOKS VERY CRAPPY. HANOI WAKE UP! What is the project called? Fuck, why do Koreans enjoy copying USA, then sharing their cheaper-copied-wannabe-designs to foreign counries? (some of their designs are nice, but they a tendency to duplicate buildings such as An Khanh). I wish more French and Japanese invested. I prefer their mind-set a whole lot better.

Have you EVER seen the Han river?.... If you did, you will be impressed...
It is a rarity for a river of such size(1k wide) to run over a major
metropolis. Both sides of the river are connected by some 20+ bridges
and comprise some of the most expensive pieces of real estate.
Needless to say, serious planning and engineering went into making Han river
what it is today.

Korea is not a copier nation neither cheap. Because it simply cannot.
To sustain an adavanced economy, you have to produce products of
high added value and have an edge over other competitors.

If the "nice frenchmen/japanese" of your dream is rather lukewarm in their approach to Vietnam..
it is beacue they do not want to take "risks" in what seems like an economy still plagued with uncertainties... you guys know
better what I am talking about.

Korea with relatively recent memories of building up from the scratch, is
one of the few true believers of Vietnam's potential and honestly thinks
that there is a role to play. Because, to the Korean investors Vietnam
is a reflexion of Koreas recent past and rather than "calculating" the
pros/cons... "feel" the vibrancy before a serious take offf.

If Vietnam lives up to its dream, everyone will be benefitted.

[nguyend]

Are you from Korea, Locust?

[sqd]

Originally Posted by bruckheimervn

+ The biggest hotel in Hanoi , Daewoo Hotel belongs to Korean Investors .
+ The tallest tower in Hanoi , Keangnam Tower belongs to Korean Investors.
+ The largest hospital in Hanoi <and probably in Vietnam> for years to come shall be built in Tu Liem , and it belongs to Korean Investors , named after one of their most famous doctor.
+ The Korean is now proposing to build the biggest ever exhibition centre in Vietnam in central of Hanoi , Giang Vo area , 2 billion$ project.
+ The master plan for all the land along Red River shall be carried out with the help from Korean ,for the Hanoi Goverment want to take Han River in Seoul as a Role model ,
+ The biggest satellite city of Hanoi , North An Khanh Star World shall be a joint-venture between Vinaconex and Korean giant Posco Corp.
+ At the end of August 2007 , Korean already the biggest direct foreign investor in Vietnam
+ And most importanly , the future of Hanoi , The Tay Ho Tay urban central shall be built by 6 Korean Investors <may be we will have a Samsung Landmark Tower in a near future >

Cheer Korean ,

Most of the Korean investing in Vietnam are nothing but real estate. It just means that the Korean investors have faith that the Vietnamese have money to purchase or rent Korean-built projects; so nothing is that spectacular about this kind of investment.

It is indeed the investee, ie Vietnamese, are the one who drive these investment because no foreign investors is going to build a building in Vietnam if they know that the local people (Vietnamese in this case) do not have the purchase power to buy or rent their properties. Remember in the early 90's when the naive Taiwanese investors built a bunch of housing properties but the local Vietnamese did not have the money to buy them, most of them lost their money and that same fear still lingers till today.

Real estate investment is extremely risky and costly, if you build a property and no one has the money to buy or rent them, you'll be in big trouble but the Korean in this case seem to take more risk and have more faith in the purchasing power of the Vietnamese than other investors out there.

When it comes to FDI, pay attention to the "quality", not quantity of the investment. Things like Toshiba or Panasonic investing (or planning to invest) in just a million-dollar R&D research lab in Vietnam is really worth mentioning about, not something like real estate.

[yippie]

Originally Posted by Locust

Have you EVER seen the Han river?.... If you did, you will be impressed...
It is a rarity for a river of such size(1k wide) to run over a major
metropolis. Both sides of the river are connected by some 20+ bridges
and comprise some of the most expensive pieces of real estate.
Needless to say, serious planning and engineering went into making Han river
what it is today.

Korea is not a copier nation neither cheap. Because it simply cannot.
To sustain an adavanced economy, you have to produce products of
high added value and have an edge over other competitors.

Hey Locust,

Sorry if my comment came out as blunt and offensive. Wasn't expecting a Korean to view this (I am assuming you're Korean?). However, YES, I have actually seen Han river and been to Seoul on a summer trip in 04'. I enjoyed Seoul very much. However, I cannot image Hanoi, a beautiful ancient city with it's own character, turn into another Seoul look-a-like. The OP seems to suggests that by saying, "the Hanoi Goverment want to take Han River in Seoul as a Role model." I haven't actually seen the whole Han river planning aside from what I saw in Seoul.

-My depiction of what Hanoi would look like if government takes Seoul as role model:







You see, the thing that bothers me is the fact that there are so many duplicated tacky buildings. I know many Koreans who find this to be a problem and I would not want Hanoi to experience the same.

Originally Posted by Locust

If the "nice frenchmen/japanese" of your dream is rather lukewarm in their approach to Vietnam..
it is beacue they do not want to take "risks" in what seems like an economy still plagued with uncertainties... you guys know
better what I am talking about.

Vietnam receives many Japanese and French investors, not just Koreans. Japan is top 5 investors in Vietnam. However, I agree Vietnam is still plagued with many uncertainties for foreign investors. Many new urban areas in Hanoi are following French architecture, which seems to suit the city. My kind opinion on the Japanese is due to their ethnic characteristics. From what I know, the Japanese approach things in life with much dedication and heart. They do not settle for less or "cheap." That's what I admire about them. I can also mention many flaws of theirs, but that's not the point here.

Regardless, I believe all investors come to Vietnam with their own agendas.

Originally Posted by Locust

Korea with relatively recent memories of building up from the scratch, is
one of the few true believers of Vietnam's potential and honestly thinks
that there is a role to play. Because, to the Korean investors Vietnam
is a reflexion of Koreas recent past and rather than "calculating" the
pros/cons... "feel" the vibrancy before a serious take offf.

If Vietnam lives up to its dream, everyone will be benefitted.

Korea also comes to Vietnam for geo-political reasons, not just economic. Both Vietnam and Korea should become strong allies, which I think is one of their intentions. Thank you for your kind words to Vietnam. I admire Koreans for their willingness to believe in Vietnam and contributing to Vietnam's economy. Vietnam also export many natural resources to South Korea. In the end, both nations are benefiting from each other.

[LTM]

The problem is that the Vietnamese authorities are so corrupt that they would sell their own mother for bribes. Being aware of that kind of problems, Koreans seem to be coping with them as successfully as we have seen.

[LTM]

Originally Posted by yippie

I admire Koreans for their willingness to believe in Vietnam and contributing to Vietnam's economy. Vietnam also export many natural resources to South Korea. In the end, both nations are benefiting from each other.

It might be better if we could admire each other at a distance.

[yippie]

Originally Posted by LTM

The problem is that the Vietnamese authorities are so corrupt that they would sell their own mother for bribes. Being aware of that kind of problems, Koreans seem to be coping with them as successfully as we have seen.

That's not completely true. Let's not downplay the Vietnamese government so much. They are doing their best to better Vietnam. Sure, corruption exists, but what country is free from it? Learn USA history - it's corruption level was worst than Vietnam's. Today USA is very corrupted. They are just good at hiding it, while using their propaganda to minipulate us. I recommend taking an analytical college history course. Or, watch this video and have a sense of how corrupt USA is:

http://youtube.com/watch?v=_dmPchuXIXQ

[Locust]

Originally Posted by yippie

However, YES, I have actually seen Han river and been to Seoul on a summer trip in 04'. I enjoyed Seoul very much. However, I cannot image Hanoi, a beautiful ancient city with it's own character, turn into another Seoul look-a-like. The OP seems to suggests that by saying, "the Hanoi Goverment want to take Han River in Seoul as a Role model." I haven't actually seen the whole Han river planning aside from what I saw in Seoul.
You see, the thing that bothers me is the fact that there are so many duplicated tacky buildings. I know many Koreans who find this to be a problem and I would not want Hanoi to experience the same.

Then, I think that you are entitled to your opinion.. Hanoi should
find its own model. Seoul is indeed a 'monster' city core of the 2nd largest
metropolis in the world(after Tokyo). But you should know the before
and after the Han river project. The river used to innundate
every summer disrupting the livelihood of a lot of people.

As for the "tacky" apartment buildings... I agree they look identical and
esthetically challenging... BUT... "shoddy" they are NOT. They are
very sturdy contruction that offer very comfortable living standards...with the
price to match... You can probably buy a small mansion in the US by
selling one of these apartments.

As for the japanese for not settling for "cheap"... Are you saying that
investing billions in Vietnam is a "cheap" way of benefiting in short term?
I'd rather say that japanese and french are much more "cautious" in their approach;
unless they can prove they don't believe. The koreans are kind of different, for
better and worse... Sometimes they believe because they "feel" it.
In this way, Korea beat all the analysts and nay-sayers in the past and
got to where it is now.

Anyway, it is fun to read the Vietnam forum where there are a lot of new things
happening these days.

[LTM]

Originally Posted by yippie

That's not completely true. Let's not downplay the Vietnamese government so much. They are doing their best to better Vietnam. Sure, corruption exists, but what country is free from it? Learn USA history - it's corruption level was worst than Vietnam's. Today USA is very corrupted. They are just good at hiding it, while using their propaganda to minipulate us. I recommend taking an analytical college history course. Or, watch this video and have a sense of how corrupt USA is:

http://youtube.com/watch?v=_dmPchuXIXQ

We cannot see how the bribes are being offered and taken.
But we can see the final result, which does not allow me to compare Vietnam with the USA in all respects.

[LTM]

THE HAN RIVER, SEUL

SOURCE

[coolink]

i have nothing against korean building ugly buildings in Vietnam because we don't have much interm of skyline, so whatever they put there will make our skylines bigger
until we have money then we will build nice buildings and block those ugly ones

the problem i have with korean is their movies, everybody in the movies seems to have cancer.

[yippie]

[Tonykim1]

what is special about Korean?

[bola]

Originally Posted by Tonykim1

what is special about Korean?

ummmmm in this topic, they dominate the vietnamese economy...

[frompinas]

NOW, KOREANS are changing the Philippine economy by investing in tourism and english schools/study centers in the major cities in the country.
in fact, KOREANS ARE NOW DRIVING CEBU's ECONOMY!
CEBU, a booming metropolis and province who has it all = WHITE SAND BEACH, INDUSTRIES, SHOPS, INFORMATION TECHNOLOGY PARKS, SHIP-BUILDING AREAS, HOTELS AND HIGHLY PROFESSIONAL&SKILLED WORKFORCE.
THESE ATTRACTS MORE KOREANS TO LIVE, STUDY AND RETIRE IN CEBU.